The economic survey mentioned the need for increasing capital investment in agriculture by both public and private sector to offset negligible growth and marginal increase in production of many crops.
In the last five years, investment in agriculture in the economy has hovered around 2%-3%. It was maximum in 2008-09 when it crossed 3%. The quick estimate for 2009-10 is 2.97%.
"Capital investment is agriculture as a percentage of the GDP has been stagnating in recent years although the capital expenditure in agriculture as a percentage of the GDP is agriculture has shown some improvements in the current Five Year Plan. It may, however, also be noted that the agriculture sector GDP has itself been stagnating during the last three years from 2007-08 to 2009-10," the survey reported.
It also underlined the importance of linking farmers to the market where the experience of cooperatives in the milk sector could come in handy.
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